Bitcoin OGs Cut Selling to 962 BTC as $63,000 Nears 5-Year Holders' Break-Even
Updated
Updated · CoinDesk · Jun 24
Bitcoin OGs Cut Selling to 962 BTC as $63,000 Nears 5-Year Holders' Break-Even
3 articles · Updated · CoinDesk · Jun 24
Summary
CryptoQuant data shows the 90-day average of bitcoin spent by holders of at least five years fell to 962 BTC, the lowest since November 2024, reducing a key source of market selling pressure.
Bitcoin near $63,000 appears close to the break-even level for the priciest coins those investors could have bought five years ago, encouraging them to hold rather than realize profits.
That marks a sharp reversal from 2024 and 2025, when OG profit-taking repeatedly capped rallies above $100,000 and single-day sell-offs at times exceeded 142,000 BTC.
Spot bitcoin ETF outflows have also slowed over the past two weeks, adding to signs that sell-side pressure is easing as BTC trades around $62,750, little changed on the day.
As veteran holders stop selling, is Bitcoin building a price floor or facing a 'demand void' that signals a deeper drop?
Now that U.S. law deems Bitcoin a commodity, what's preventing the next big wave of institutional investment from starting?
Bitcoin Market at Crossroads: OG Selling Plummets, ETF Outflows Surge, and Fear Index Hits 15 in June 2026
Overview
Long-term Bitcoin holders, known as OGs, have sharply reduced their selling activity, with the 90-day moving average of Bitcoin spent by these investors dropping to just 962 BTC—the lowest since November 2024. Despite being in profit, many OGs are choosing to hold onto their coins rather than sell at current prices. This behavior is easing overall selling pressure in the Bitcoin market. Alongside reduced selling from other participants like leveraged traders and ETF investors, this shift signals growing confidence among seasoned holders and contributes to a more stable market environment, even as prices fluctuate.